In 1960, a S&W Model 29 listed for $140. According to the Internet. I wasn't of gun buying age in 1960...
Adjusted for inflation, that would be $1020 now. A Model 29 list for $969. I suspect the internet makes it much harder to SELL one for list, but the fact is that if one adjusts for inflation, the price hasn't changed much.
The gun is different. I'll assume the trigger job is worse now, as is the bluing. However, I'd bet the metal is better, and it is probably more durable. Frankly, I'd also bet most shooters aren't qualified to care.
I'm not. My shooting problems aren't caused by an imperfect trigger, and I won't shoot enough high power loads out of it to ever break it.
Since S&W charges $155 for their " Master Revolver Action Package":
Trigger Stop
Chamfer Charge Holes
Polish Rebound Spring, Hammer Stud and Yoke Barrel Bosses
Detail Lockwork Surfaces
Stone Hammer and Trigger Contact Areas
Test Fire for Function
it is obvious they COULD market a S&W Model 29, minus the Hillary hole if they chose, with the above work done for a list price under $1100 - but apparently, they don't think there is a market for it.
Some of it depends on what the shooter wants. For a collector, the older gun is obviously better. As a work of hand crafted art, the older gun is obviously better. As a shooting gun for 90+% of those who buy one, including me? The new one will be fine.
I don't see much reason to knock either. My Ruger Alaskan looks awful, but shoots great. It has a very different 'personality' than my Model 29, but it isn't a 'bad' choice.
I buy new because I don't want to spend months searching, and because I almost never see what I would be interested in when I'm in a gun shop. I like the warranty. If S&W was marketing a gun at $1500 with a super bluing job & custom trigger, I'd still buy what I did.
Now, if they made one without the hole for $150 more, I'd spring for that...